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  • National Cooperative Bank Reports consolidated Net Income of $5.8 Million for the six months ended June 30, 2014

National Cooperative Bank Reports consolidated Net Income of $5.8 Million for the six months ended June 30, 2014

Washington, DC (August 6, 2014) —National Cooperative Bank (NCB), a leading financial services company dedicated to providing banking products and services to cooperatives nationwide, reported  consolidated earnings of $5.8 million through June 30, 2014.

“We are pleased to report the Bank’s positive corporate results at the end of the second quarter,” said Charles Snyder, President and CEO of NCB. “Our continued success can be attributed to our strong product lines and commitment to superior service.  We remain a consistent source of full service banking for cooperatives, offering competitive loan, deposit and cash management solutions.” 

NCB also reported total assets of $1.8 billion and total deposits of $1.3 billion as of June 30, 2014. Regulatory capital ratios at NCB’s wholly-owned thrift subsidiary, NCB, FSB continue to be strong.  As of June 30, 2014 NCB, FSB’s total risk-based capital ratio stood at 15.46% and its tier 1 leverage or core capital ratio was 12.75%.

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About NCB: 

NCB is dedicated to strengthening communities nationwide through the delivery of banking and financial services, complemented by a special focus on cooperative expansion and economic development. Headquartered in Washington, DC, the Bank has offices in Alaska, California, New York, Ohio and Virginia. To learn more, visit www.ncb.coop, National Cooperative Bank on Facebook, or on Twitter @coopbanking.  

The NCB Financial Group consists of the Congressionally-chartered National Consumer Cooperative Bank (NCCB) and NCB, FSB, a federally insured savings bank wholly owned by NCCB. The NCB Financial Group provides financial products and services for the nation’s cooperatives, their members, and socially responsible organizations.